Hyperbitcoinization will come if a government decides to be stupid. It means that they have tried to print their way out of disaster, which then becomes the disaster.
The only way to avoid it is to be a responsible government with a balanced budget, converting away from tax revenue towards mining revenue. The first government that ignores the Siren calls of a "Strategic Bitcoin Reserve" or some other nonsense and actually puts capital towards hashrate to build a revenue stream will win the fight against the money printers.
chadlupkes / Chad Lupkes
npub1mu…wcnel
2025-01-26 08:33:30
in reply to nevent1q…9mv6
Author Public Key
npub1murdy8k20svu38g9f9jt9k0rqkjzt677x3qrev88je4gw2erqk8scwcnelPublished at
2025-01-26 08:33:30Event JSON
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"created_at": 1737880410,
"kind": 1,
"tags": [
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[
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"content": "Hyperbitcoinization will come if a government decides to be stupid. It means that they have tried to print their way out of disaster, which then becomes the disaster.\nThe only way to avoid it is to be a responsible government with a balanced budget, converting away from tax revenue towards mining revenue. The first government that ignores the Siren calls of a \"Strategic Bitcoin Reserve\" or some other nonsense and actually puts capital towards hashrate to build a revenue stream will win the fight against the money printers.",
"sig": "28ca3e9d7ef7b6c9fe0a5cb5777a23bbdcda1c7ce79408d513c122711e3656de62ca86c3d6ffe29c865bda2c94a0dd389ce9202f97ecab4b8dd2e8fb411a465e"
}